• Amdocs average price/book ratio for 2023 was 2.93, a 7.33% decline from 2022.
• Amdocs average price/book ratio for 2022 was 2.73, a 12.81% increase from 2021.
• Amdocs average price/book ratio for 2021 was 2.42, a 19.8% increase from 2020.

Price/book ratio can be defined as